This micro-cap solar stock engaged in providing solar panel installations, turnkey solar projects, and government projects, contributing to renewable energy solutions across India, jumped 2 percent, receiving an order worth Rs. 3.06 crore from BSF Jammu for a solar power plant Project.
Stock Price Movement
With a market capitalization of Rs. 494.14 crores, the share of Solarium Green Energy Limited has reached an intraday high of Rs. 243 per equity share, rising nearly 1.95 percent from its previous day’s close price of Rs. 238.35. Since then, the stock has retreated and is currently trading at Rs. 237 per equity share.
What Happened
Solarium Green Energy Limited has received a work order from BSF Jammu, valued at approximately Rs. 3.06 crore, for providing, installing, testing, and commissioning a 25 KWP off-grid solar power plant at 10 Border Outposts (BOPs) under FTR HQ BSF Jammu.
The project includes designing, supplying, and setting up solar plants and alternative lighting systems, along with the construction of RCC structures for control rooms and paved areas. The work is expected to be completed within 12 months, starting 10 days after receiving the letter of acceptance. This order will enhance the company’s customer base and contribute significantly to its growth and profitability.
Order Book
As of December 31, 2024, Solarium Green Energy Limited’s order book stood at Rs. 1,850.72 crore, consisting of 39 projects, reflecting strong business growth and a solid project pipeline.
Regional Footprint
The company handles turnkey projects in ten Indian states, including Gujarat, Delhi, Rajasthan, Haryana, Punjab, Odisha, Maharashtra, Uttar Pradesh, Madhya Pradesh, and Jammu & Kashmir, covering regions across the north, east, west, and central India.
Service Offerings
Solarium Green Energy offers various services, including custom solar panel installations for homes and businesses to improve energy efficiency and reduce costs. They also manage turnkey solar projects from design to support, along with handling government projects by installing ground-mounted and rooftop solar systems for public infrastructure.
Business Overview
Solarium Green Energy has successfully solarized over 18,000 homes and established a strong presence across various Indian cities. With a 4.7-star customer rating, it has earned a reputation as a trusted partner in the renewable energy sector.
Financial Highlights
Solarium Green Energy Limited’s revenue has increased from Rs. 99 crore in Q3 FY24 to Rs. 177 crore in Q3 FY25, which has grown by 78.79 percent. The net profit has also grown by 700 percent from Rs. 2 crore in Q3 FY24 to Rs. 16 crore in Q3 FY25.
Written By – Nikhil Naik
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